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5 Things to Know Today — September 22, 2026

  September 22, 2026 BoC hike odds reach a coin flip. Oil retreats from four-month highs. Trump's Belarus potash play draws fire. A new federal bill speeds up major projects — with strings attached. Here's what moves your money today. 1. BoC October Hike Is Now a Coin Flip The Bank of Canada next meets October 28 , and markets are evenly split on whether it will raise rates for the first time since cutting to 2.25%. The whiplash is largely imported: after the U.S. Federal Reserve hiked 25 basis points to 3.75–4.00% on September 16 in a unanimous 12-0 vote — the first American rate increase since July 2023 — market-implied odds of a matching BoC move jumped from below 10% to roughly 60% in two weeks, according to LSEG Data & Analytics. Before the BoC's September 2 hold, odds of a hold sat at 94%. The 175-basis-point gap between the BoC (2.25%) and the Fed (3.75–4.00%) is the widest since 2022, which puts direct downward pressure on the loonie and upward pressure on Ca...
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Gaza Reels Under Fire as Ceasefire Hopes Flicker in Washington

As diplomatic efforts to end the prolonged conflict in Gaza resumed in Washington, residents of northern Gaza endured one of the most intense nights of bombardment in recent weeks. Israeli airstrikes and tank shelling targeted multiple areas, including the Zeitoun suburb of Gaza City, where at least 10 people were killed. In total, Monday’s strikes claimed the lives of at least 25 Palestinians, according to local health authorities.

The Israeli military issued mass evacuation orders ahead of the strikes, prompting hundreds of families to flee shelters, including several UNRWA schools that were later hit by airstrikes. Residents described the night as relentless, with explosions shaking buildings and leaving widespread destruction.

Meanwhile, Israeli officials arrived in Washington for renewed ceasefire talks, with Strategic Affairs Minister Ron Dermer expected to meet with U.S. officials. President Trump has publicly urged both sides to reach a deal and secure the release of hostages still held in Gaza.

Despite the diplomatic push, there was little sign of de-escalation on the ground. Mediators from Qatar and Egypt have reportedly intensified efforts behind the scenes, though no new round of formal talks has been scheduled.

The contrast between the violence in Gaza and the negotiations in Washington underscores the fragile and complex path toward peace.

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